REDWOOD CAPITAL MANAGEMENT, LLC

CIK

1316622

Location

New York, NY

Portfolio Value

Small $589,867,790

Diversification

Moderately concentrated

Filing Date

Global Rank

#2,108 / 8,232 ▼ 161

Top Industry

Telecom Services 42.4%

3Y Alpha vs SPY

+47.8%

Period ended 2 months ago

Filed May 15, 2026 · 30d

25 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+379.0%

SPY

+76.3%

Annualised alpha

+47.8%

Max drawdown

−20.4%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

21 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

31.5%

−1.3 pts

Top 5

77.7%

−10.4 pts

Top 10

91.7%

−4.8 pts

HHI

1,695

Moderately concentrated−526

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Communication Services	42.4%	$249,874,631	3
Consumer Cyclical	26.3%	$155,045,077	5
Healthcare	13.6%	$80,415,715	4
Industrials	10.7%	$63,185,139	2
Technology	4.2%	$24,909,666	1
Basic Materials	1.1%	$6,600,348	1
Real Estate	0.8%	$4,519,867	1
Consumer Defensive	0.6%	$3,318,800	2
Financial Services	0.3%	$1,998,547	2

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

3 positions

Ticker	Company	Δ Shares	Shares	Value
GBTG	Global Business Travel Group, Inc.	+500,000	21,953,816	$122,502,293
TDS	Telephone & Data Systems Inc /De/	+398,702	1,275,282	$53,689,372
MOH	Molina Healthcare, Inc.	+200,000	310,000	$41,323,000
No positions match the current search.

Trimmed

Positions the filer reduced

2 positions

Ticker	Company	Δ Shares	Shares	Value
AER	AerCap Holdings N.V.	−900,597	404,266	$55,457,209
SATS	EchoStar CORP	−682,930	1,584,857	$185,539,208
No positions match the current search.

New Positions

Positions the filer opened this quarter

5 positions

Ticker	Company	Shares	Value
VISN	Vistance Networks, Inc.	1,368,663	$24,909,666
MBC	MasterBrand, Inc.	1,286,097	$10,687,466
AERO	Grupo Aeromexico, S.A.B. de C.V.	551,601	$7,727,930
AMWD	American Woodmark Corp	72,402	$2,883,771
KLC	KinderCare Learning Companies, Inc.	1,250,000	$2,750,000
No positions match the current search.

Sold Out

Positions the filer fully exited

No qualifying positions this quarter.

Portfolio Positions

Compact Export CSV View 13F filing

21 positions · $589,867,790 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Financial Services Healthcare Industrials Real Estate Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
SATS	EchoStar CORP Communication Services	Reduced	1,584,857	-682,930	$185,539,208	−24.7%	31.45%
GBTG	Global Business Travel Group, Inc. Consumer Cyclical	Added	21,953,816	+500,000	$122,502,293	−25.4%	20.77%
AER	AerCap Holdings N.V. Industrials	Reduced	404,266	-900,597	$55,457,209	−70.4%	9.40%
TDS	Telephone & Data Systems Inc /De/ Communication Services	Added	1,275,282	+398,702	$53,689,372	+49.4%	9.10%
MOH	Molina Healthcare, Inc. Healthcare	Added	310,000	+200,000	$41,323,000	+116.5%	7.01%
VISN	Vistance Networks, Inc. Technology	NEW	1,368,663	NEW	$24,909,666	NEW	4.22%
ELV	Elevance Health, Inc. Healthcare	Held	84,800	0	$24,825,200	−16.5%	4.21%
CZR	Caesars Entertainment, Inc. Consumer Cyclical	Held	420,000	0	$11,100,600	+13.0%	1.88%
MBC	MasterBrand, Inc. Consumer Cyclical	NEW	1,286,097	NEW	$10,687,466	NEW	1.81%
OPTU	Optimum Communications, Inc. Communication Services	Held	8,189,270	0	$10,646,051	−21.2%	1.80%
MSC	STUDIO CITY INTERNATIONAL HOLDINGS Ltd Consumer Cyclical	Held	3,239,073	0	$7,870,947	−31.5%	1.33%
AERO	Grupo Aeromexico, S.A.B. de C.V. Industrials	NEW	551,601	NEW	$7,727,930	NEW	1.31%
UNH	Unitedhealth Group Inc Healthcare	Held	27,500	0	$7,441,225	−18.0%	1.26%
CNC	Centene Corp Healthcare	Held	208,500	0	$6,826,290	−20.4%	1.16%
MERC	Mercer International Inc. Basic Materials	Held	4,648,133	0	$6,600,348	−28.3%	1.12%
CBL	Cbl & Associates Properties Inc Real Estate	Held	117,613	0	$4,519,867	+3.9%	0.77%
AMWD	American Woodmark Corp Consumer Cyclical	NEW	72,402	NEW	$2,883,771	NEW	0.49%
KLC	KinderCare Learning Companies, Inc. Consumer Defensive	NEW	1,250,000	NEW	$2,750,000	NEW	0.47%
GOCO	GoHealth, Inc. Financial Services	Held	924,244	0	$1,395,608	−29.8%	0.24%
EHTH	eHealth, Inc. Financial Services	Held	467,395	0	$602,939	−72.0%	0.10%
APEI	American Public Education Inc Consumer Defensive	Held	10,000	0	$568,800	+50.5%	0.10%